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  • Gerstner value...

    What is the "going"price for gerstner 052 boxes? I can see a few on Ebay for a lot higher than I think they are worth, But was wondering what a more realistic value is?

  • #2
    Originally posted by jamie76x View Post
    What is the "going"price for gerstner 052 boxes? I can see a few on Ebay for a lot higher than I think they are worth, But was wondering what a more realistic value is?
    what does "going price" mean, what they are actually transacting at - ie the "completed sale" price? If so, true comparable sales are always the best indicator of what something is "worth". Only you can say what its value is to you.

    I ask because based on kijiji cruising, "worth" and "value" must be the two most misunderstood words in the language.
    in Toronto Ontario - where are you?

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    • #3
      "Going price" meaning, what they are actually selling for ....

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      • #4
        Go to the ebay page that has Gestner. Look at the left side of the page and you will see a listing for "sold", you may have to scroll down to see it, click on that and it will show you what items have sold for.

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        • #5
          I found the "sold for" tab you talked mentioned.

          Even the actual selling prices are all over the map. 300-700 for the same model.

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          • #6
            Originally posted by jamie76x View Post
            I found the "sold for" tab you talked mentioned.

            Even the actual selling prices are all over the map. 300-700 for the same model.
            that's what I meant, if you're looking at the "sold" listings that's what they're worth. In theory, differences should be explainable, same way appraisers tweak valuations with adjustments . I see 300-450 for the '52" with an outlier at 890 or something. Despite theory, I can't explain that one) The rest, the difference is a combination of condition and whether its NA made Gerstner (Gerstner international is made offshore and sells for less). The new looking one for 300 is likely International. There's also the possibility of onerous shipping or free shipping affecting price as well as the quality of the ad and seller - better photos etc = less risk/higher price, or even just more buyers than sellers one week vs the next.

            all and all my take is they sell around 400 for a good one.
            Last edited by Mcgyver; 10-22-2015, 01:16 PM.
            in Toronto Ontario - where are you?

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            • #7
              I have 2-26" walnut & a 26" riser, non were ever used for tools & have wondered what they're worth as I'm not worthy of putting tools in them.

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              • #8
                Ebay is a poor source of price data.

                What ebay gives is a price just a bit higher than the highest price the second-most motivated buyer in the entire US will pay. This does not represent a going price, but rather, it represents an upper bound on price. Meaning, of course, that that price is the highest you could ever expect to get.
                Last edited by J Tiers; 10-22-2015, 09:19 PM.
                1601

                Keep eye on ball.
                Hashim Khan

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                • #9
                  Originally posted by J Tiers View Post
                  Ebay is a poor source of price data.

                  What ebay gives is a price just a bit higher than the highest price the second-most motivated buyer in the entire US will pay. This does not represent a going price, but rather, it represents an upper bound on price. Meaning, of course, that that price is the highest you could ever expect to get.
                  I agree with this comment. With some items, the time of the year it is offered is also a factor. I have picked up several HP 42 calculators for $2 to $4 at thrift shops during any given year, and if I wait until early to mid September to list them, college students will pay premium amounts for them. Other times of the year, not so much.

                  Dan
                  Salem, Oregon

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                  • #10
                    Originally posted by J Tiers View Post
                    Ebay is a poor source of price data.

                    What ebay gives is a price just a bit higher than the highest price the second-most motivated buyer in the entire US will pay. This does not represent a going price, but rather, it represents an upper bound on price. Meaning, of course, that that price is the highest you could ever expect to get.
                    I knew you'd pipe up with that.

                    I've proven this wrong constantly. Not always, but mostly I can do better selling on classifieds. There is logic to it; there is a lot more risk buying sight unseen which translates into a lower price. then there's scams, shipping costs and possibly taxes.

                    But it depends

                    It depends on what you are selling and where - if what you are selling has a local market with sufficient demand, you can do better via classifieds. from that, logically items that might be considered very specialized to your local, in other words have no local demand, do fair better on ebay with its broad market.
                    Last edited by Mcgyver; 10-23-2015, 12:20 PM.
                    in Toronto Ontario - where are you?

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                    • #11
                      Where I live people just seem out of cash. You list local with a price & 99% of the responders want to trade & it goes like "I have this really great car, nothing wrong but the tranny's shot" Glad it's better up north.

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                      • #12
                        Originally posted by flylo View Post
                        Where I live people just seem out of cash. You list local with a price & 99% of the responders want to trade & it goes like "I have this really great car, nothing wrong but the tranny's shot" Glad it's better up north.
                        its a function of local demand, if its not there, then yes I agree ebay could produce higher prices by letting you reach a better market. With local demand, which will vary item by item of course, I can usually do better with classifieds than ebay.

                        I don't understood the logic of taking a trading approach, seems dumb to me for the same reasons currency was invented.
                        in Toronto Ontario - where are you?

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                        • #13
                          Hi
                          Let me give you a price point. I have been collecting Gerstner tool boxes since the early 80's. I buy some then sell a few. Right now I have about 30, including bases, dental style, 042's, 052's etc. Over the last 5 or 6 years I have stopped buying and selling. I have watched the prices go way above what I will pay as a collector. However every now and then I do grab one so here are what I paid for the last few box's in the last 2 or 3 years

                          Walnut 042 very excellent condition $145
                          Oak 052 needs "front" door glued up $95
                          Base for 052 appears brand new (not a International) $130
                          Base for 042 appears brand new (not an International) $90

                          My rule for a number of years was no box over $110, now if I or my wife ( who actually found those four above at flea markets) find one for $150 or less we might buy it depending on condition. I sold the Walnut one to friend for what I paid.

                          So you can find these at reasonable prices you just need a lot of shoe leather.

                          By the way I have filled up 12 of these with tooling, fixtures, and all the stuff you would expect to find in a box to support my model making hobby. I like drawers and in addition to the Gerstner's I have around 400 or so drawers with lots of stuff.

                          So if you want one I would avoid eBay as you need to look at them to make sure they were not dropped full of tools, that the drawers actually work OK and are they for that box, the pins lock the front etc. Too many things can be hidden in a picture.

                          Good Luck

                          Bob

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                          • #14
                            Originally posted by Mcgyver View Post
                            I knew you'd pipe up with that.

                            I've proven this wrong constantly. Not always, but mostly I can do better selling on classifieds. There is logic to it; there is a lot more risk buying sight unseen which translates into a lower price. then there's scams, shipping costs and possibly taxes.
                            ...
                            Well, it's not wrong here. Might be wrong in Alaska.

                            At tag sales, I see items sometimes with a price, and a note as to what items like it have sold for on ebay. Usually the price is 1/2 to 2/3 the listed ebay price.

                            And most often, the price is STILL about 2x to 3x the "going rate" locally.

                            By "going rate" I mean a price you can with confidence expect to find a similar item priced at within a few weeks at most, at another tag sale.

                            I am talking about tools, so in a tool and machine "desert" it will be different. But for certain, if you want NOT TO sell an item here, price it based on ebay sales. Your odds of selling are not good, you depend on finding the right "sale newbie" to exploit. The kind that ends up paying above retail on ebay.
                            1601

                            Keep eye on ball.
                            Hashim Khan

                            Comment


                            • #15
                              Originally posted by J Tiers View Post
                              Well, it's not wrong here. Might be wrong in Alaska.

                              At tag sales, I see items sometimes with a price, and a note as to what items like it have sold for on ebay. Usually the price is 1/2 to 2/3 the listed ebay price.

                              And most often, the price is STILL about 2x to 3x the "going rate" locally.

                              By "going rate" I mean a price you can with confidence expect to find a similar item priced at within a few weeks at most, at another tag sale.

                              I am talking about tools, so in a tool and machine "desert" it will be different. But for certain, if you want NOT TO sell an item here, price it based on ebay sales. Your odds of selling are not good, you depend on finding the right "sale newbie" to exploit. The kind that ends up paying above retail on ebay.
                              Way to many words for the issue of the thread, but for the sake of discussion.....if you think of it in terms of "is there enough local" demand it will make sense. If there is not enough local demand, increasing the market area will increase the price.

                              As subject, come at it like an appraiser would. Market value is what you'd realize with informed buyers and ample exposure to the market blah blah blah. I don't know what tag sales are, but its reasonable to say that garage sales/flea markets are not going to meet the requirement of being exposed to a reasonable number of buyers for reasonable time. A sine chuck at a country flea market needs to be put on kijiji or the like or maybe ebay. You don't automatically get what its worth, it has to be exposed properly.

                              Getting a 0-1" mic for $2 a garage sale doesn't mean its worth $2. It means the vendor didn't properly expose it to the market. Same with the chap above buying tool boxes. They're 'worth' what adjusted comparable sales say they're worth.....he's just buying from people who don't know/don't care. Warren Buffet style, buy low.

                              As a practical matter, I think few people understand value and worth. How often do you read ads "its worth $x", where x isn't what its worth, its what he paid for it retail or the classic "they go for..." when they are really saying "other asking prices are...." . With such an imperfect market and clueless participants, its a simple matter of ignoring the overpriced clueless and scooping up the under-priced clueless one.

                              The other variable is seller effort. Maybe $2 for the mic and not spending more time at is the way to go.....but if I did want to sell one, and the noted local demand rule as satisfied I likely get more for it on the classifieds than ebay for the reasons given.
                              Last edited by Mcgyver; 10-23-2015, 07:01 PM.
                              in Toronto Ontario - where are you?

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